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French luxury group LVMH to create an Apple Watch competitor It looks like there's going to be a fancy watch fight. With a $10,000 smartwatch on offer, Apple made itself a luxury goods competitor when it launched the Apple Watch back in April. It should come as no surprise then that legacy watch brands are pushing back. See also: Your Apple Watch may soon feature tiny little ads LVMH, a French fashion conglomerate that owns legacy watch brands Zenith, Hublot and TAG Heuer, as well as Louis Vuitton and Fendi, among other high fashion houses, has plans to s...
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